The Changes in the American Business System That Have Had

question 341

Multiple Choice

The changes in the American business system that have had the most dramatic impact on the workings of the free enterprise system are the changes in

• A) the labor force.
• B) technology.
• C) financial regulations.
• D) consumer behavior.

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Definitions:

Psychological Reactance

A psychological response which occurs when individuals perceive their freedoms or choices are being limited, prompting them to reclaim or reassert lost freedoms.

Individualistic Cultures

Cultures that emphasize personal achievements and rights, prioritizing individual goals over group goals.

Reactance

A psychological reaction that occurs when individuals feel their freedom to choose or act is being restricted, leading them to resist the restriction or do the opposite of what is being sought.

Public Commitment

This term refers to a declaration or an action taken by an individual or group in the public domain, showcasing a pledge towards a cause, belief, or relationship.